| Project |
Summary |
| Adoption of IASC Standards and SIC Interpretations |
Completed in 2001. In April 2001, the IASB approved a resolution to adopt the IASC Standards and SIC Interpretations existing at 1 April 2001. |
| Agenda consultation 2011 |
Completed 2012. A three-yearly public consultation on the IASB's future technical agenda. The IASB issued a 'Feedback Statement' on 18 December 2012. |
| Annual improvements – 2006-2008 cycle |
Completed 2008. The IASB issued 'Improvements to IFRSs' on 22 May 2008. |
| Annual improvements – 2007-2009 cycle |
Completed 2009. The IASB issued 'Improvements to IFRSs' on 16 April 2009. |
| Annual improvements – 2008-2010 cycle |
Completed 2010. The IASB issued 'Improvements to IFRSs' on 6 May 2010. |
| Annual improvements – 2009-2011 cycle |
Completed 2012. The IASB issued 'Annual Improvements 2009–2011 Cycle' on 17 May 2012. |
| Asset disposals and discontinued operations |
Completed 2004. The IASB issued IFRS 5 'Non-current Assets Held for Sale and Discontinued Operations' on 31 March 2004. |
| Business combinations – Combinations by contract alone or involving mutual entities |
Discontinued 2004. The IASB decided not to finalise its proposals, but rather deal with the issues in Phase II of the business combinations project. |
| Business combinations – Phase I |
Completed 2004. IFRS 3 'Business Combinations', and revised versions of IAS 36 'Impairment of Assets' and IAS 38 'Intangible Assets', were issued on 31 March 2004. |
| Business combinations – Phase II (application of the purchase method) |
Completed 2008. The IASB issued a revised IFRS 3 'Business Combinations' and related revisions to IAS 27, IAS 28, and IAS 31 on 10 January 2008. |
| Business reporting on the internet |
Discontinued 2001. This project was handed over to the International Federation of Accountants (IFAC), who are working on a similar project. |
| Concepts (Elements of financial statements) |
Superseded. This is a project was initiated in 2001 and was intended to explore similarities and differences between the definitions of the elements of financial statements. This project has been replaced by the comprehensive Conceptual Framework joint project being undertaken by the IASB and FASB. |
| Conceptual Framework — IASB-FASB joint project |
Originally a joint IASB-FASB project to develop a common conceptual framework to be used as a basis for accounting standards, this project was suspended and replaced in 2012 by an IASB-only comprehensive project. |
| Conceptual Framework Phase A – Objective and qualitative characteristics |
Completed 2010. Part of the comprehensive project on the Conceptual Framework, dealing with topics such as stewardship, primary users and attributes that make financial information useful. 'Conceptual Framework for Financial Reporting 2010' was issued on 28 September 2010. |
| Conceptual Framework Phase B — Elements and recognition |
Part of the IASB-FASB comprehensive project on the Conceptual Framework, dealing with the various elements of the financial statements, such as assets, liabilities, revenues and expenses and their broad recognition requirements. This project was replaced by an IASB-only comprehensive project during 2012. |
| Conceptual Framework Phase C — Measurement |
Part of the IASB-FASB comprehensive project on the Conceptual Framework, dealing with how the various elements of the financial statements should be measured. This project was replaced by an IASB-only comprehensive project during 2012. |
| Conceptual Framework Phase D — Reporting entity |
Part of the IASB-FASB comprehensive project on the Conceptual Framework, dealing with the boundaries of the reporting entity. This project was replaced by an IASB-only comprehensive project during 2012. |
| Conceptual Framework Phase E — Presentation and disclosure |
Part of the IASB-FASB comprehensive project on the Conceptual Framework, dealing with the concepts underlying display and disclosure of financial information, including the boundaries of such information. This project was replaced by an IASB-only comprehensive project during 2012. |
| Conceptual Framework Phase F — Purpose and status |
Part of the IASB-FASB comprehensive project on the Conceptual Framework, dealing with the Conceptual Framework's authoritative status, with the goal of developing a framework that is of comparable authority for the use of both the IASB and FASB in the standard-setting process. This project was discontinued when the overall IASB-FASB project was replaced by an IASB-only comprehensive project during 2012. |
| Conceptual Framework Phase G — Application to not-for-profit entities |
Part of the comprehensive project on the Conceptual Framework, which will consider the applicability of the concepts developed in earlier phases to not-for-profit entities in the private sector. This project was discontinued when the overall IASB-FASB project was replaced by an IASB-only comprehensive project during 2012. |
| Conceptual Framework Phase H — Remaining issues |
Part of the IASB-FASB comprehensive project on the Conceptual Framework, dealing with any residual issues after completion of the other phases. This project was discontinued when the overall IASB-FASB project was replaced by an IASB-only comprehensive project during 2012. |
| Consolidation — Comprehensive project |
Completed 2011. IFRS 10 'Consolidated Financial Statements' was issued on 12 May 2011, implementing a a single consolidation model based on the concept of control replacing both IAS 27 and SIC-12. |
| Consolidation — Investment entities |
Completed 2012. The IASB issued 'Investment Entities (Amendments to IFRS 10, IFRS 12 and IAS 27)' on 31 October 2012. |
| Convergence issues – Financial instruments (superseded) |
This page has been superseded by 'Financial instruments - Comprehensive project'. |
| Emission rights |
Completed 2004. IFRIC 3 'Emission Rights' was issued on 2 December 2004. |
| Employee benefits – Convergence issues (superseded) |
Superseded by the Comprehensive project on post-employment benefits |
| Extractive activities – Comprehensive project |
Project discontinued 2012. In December 2012, the IASB activated a broader research project on intangible assets as part of its response to its Agenda Consultation 2011. |
| Extractive activities – Exploration for and evaluation of mineral resources |
Completed 2004. IFRS 6 'Exploration for and Evaluation of Mineral Resources' was issued on 10 December 2004. |
| Fair value measurement |
Completed 2011. IFRS 13 'Fair Value Measurement' was issued on 12 May 2011 and provides guidance on how to measure the fair value of assets and liabilities when required by other Standards. |
| Financial instruments – Disclosures |
Completed 2005. IFRS 7 'Financial Instruments: Disclosures' and 'Capital Disclosures (Amendments to IAS 1)' were issued on 18 August 2005. |
| Financial instruments — Asset and liability offsetting |
Completed 2011. 'Disclosures — Offsetting Financial Assets and Financial Liabilities (Amendments to IFRS 7)' and 'Offsetting Financial Assets and Financial Liabilities (Amendments to IAS 32)' were issued on 16 December 2011. |
| Financial instruments — Classification and measurement |
Completed 2010. IFRS 9 'Financial Instruments' was issued on 12 November 2009 (dealing with financial assets) and reissued on 28 October 2010 (incorporating requirements for financial liabilities). |
| Financial instruments — Derecognition |
An IASB project to consider the derecognition of financial instruments. In light of the feedback received during the consultation process, the IASB decided to retain the existing derecognition requirements and to finalise improved disclosure requirements. |
| Financial instruments — Effective date of IFRS 9 |
Completed 2011. The IASB issued 'Mandatory Effective Date and Transition Disclosures (Amendments to IFRS 9 and IFRS 7)' on 16 December 2011. |
| Financial statement presentation — Financial statements and comparatives |
Completed 2007. The IASB issued a revised IAS 1 'Presentation of Financial Statements' on 6 September 2007, completing the first phase of the IASB-FASB convergence project on financial statement presentation. |
| Financial statement presentation — Other comprehensive income |
Completed 2011. The IASB issued 'Presentation of Items of Other Comprehensive Income (Amendments to IAS 1)' on 16 June 2011 implementing limited scope amendments to IAS 1. |
| First-time adoption of International Financial Reporting Standards |
Completed 2003. IFRS 1 'First-time Adoption of International Financial Reporting Standards' was issued on 19 June 2003. |
| IAS 1 — Items not added to the agenda |
A summary of items not added to the IFRS Interpretations Committee's agenda in relation to IAS 1 'Presentation of Financial Statements' together with the Committee's public explanation of the reasons for not adding those items to its agenda. |
| IAS 2 — Items not added to the agenda |
A summary of items not added to the IFRS Interpretations Committee's agenda in relation to IAS 2 'Inventories' together with the Committee's public explanation of the reasons for not adding those items to its agenda. |
| IAS 7 — Items not added to the agenda |
A summary of items not added to the IFRS Interpretations Committee's agenda in relation to IAS 7 'Statement of Cash Flows' together with the Committee's public explanation of the reasons for not adding those items to its agenda. |
| IAS 8 — Effective dates and transition methods |
Discontinued 2012. A project to amend and clarify the disclosure requirements in IAS 8 'Accounting Policies, Changes in Accounting Estimates and Errors' in relation to new and revised standards. In October 2012, the IASB suspended this project pending the outcome of its Conceptual Framework project. |
| IAS 8 — Items not added to the agenda |
A summary of items not added to the IFRS Interpretations Committee's agenda in relation to IAS 8 'Accounting Policies, Changes in Estimates and Errors' together with the Committee's public explanation of the reasons for not adding those items to its agenda. |
| IAS 10 — Items not added to the agenda |
A summary of items not added to the IFRS Interpretations Committee's agenda in relation to IAS 10 'Events After the Reporting Period' together with the Committee's public explanation of the reasons for not adding those items to its agenda. |
| IAS 11 – Criteria for combining and segmenting contracts |
Discontinued 2006. IFRIC formally removed the issue from its agenda at its November 2006 meeting. The issues will instead be considered as part of the IASB's project on revenue recognition. |
| IAS 11 — Items not added to the agenda |
A summary of items not added to the IFRS Interpretations Committee's agenda in relation to IAS 11 'Construction Contracts' together with the Committee's public explanation of the reasons for not adding those items to its agenda. |
| IAS 12 – Recovery of underlying assets |
Completed 2010. The IASB issued 'Deferred Tax: Recovery of Underlying Assets (Amendments to IAS 12)' on 20 December 2010. |
| IAS 12 — Items not added to the agenda |
A summary of items not added to the IFRS Interpretations Committee's agenda in relation to IAS 12 'Income Taxes' together with the Committee's public explanation of the reasons for not adding those items to its agenda. |
| IAS 14 — Items not added to the agenda |
A summary of items not added to the IFRS Interpretations Committee's agenda in relation to IAS 14 'Segment Reporting' together with the Committee's public explanation of the reasons for not adding those items to its agenda. |
| IAS 16 – Contingent pricing of property, plant and equipment |
Discontinued 2011. Originally an IFRS Interpretations Committee project considering a request for guidance on how to account for contingent payments for the separate purchases of property, plant and equipment (PPE). |
| IAS 16 — Items not added to the agenda |
A summary of items not added to the IFRS Interpretations Committee's agenda in relation to IAS 16 'Property, Plant and Equipment' together with the Committee's public explanation of the reasons for not adding those items to its agenda. |
| IAS 16 — Stripping costs in the production phase of a mine |
Completed 2011. IFRIC 20 'Stripping Costs in the Production Phase of a Surface Mine' was issued on 19 October 2011. |
| IAS 17 – Determining whether an arrangement contains a lease |
Completed 2004. IFRIC 4 'Determining Whether an Arrangement Contains a Lease' was issued on 2 December 2004. |
| IAS 17 – Sales and leasebacks with repurchase rights |
Discontinued 2007. IFRIC formally removed this issue from its agenda at its March 2007 meeting. |
| IAS 17 — Items not added to the agenda |
A summary of items not added to the IFRS Interpretations Committee's agenda in relation to IAS 17 'Leases' together with the Committee's public explanation of the reasons for not adding those items to its agenda. |
| IAS 18 – Guidance on identifying agency relationships |
Discontinued 2007. IFRIC removed this matter from its agenda and referred it to the IASB for resolution as part of the annual improvements process. |
| IAS 18 – Initial fees received by a fund manager |
Discontinued 2007. IFRIC could not reach consensus on this matter and removed the issue from its agenda at its January 2007 meeting. |
| IAS 18 – Sales of real estate |
Completed 2008. IFRIC 15 'Agreements for the Construction of Real Estate' was issued on 3 July 2008. |
| IAS 18 — Customer loyalty programmes |
Completed 2007. IFRIC 13 'Customer Loyalty Programmes' was issued on 28 June 2007. |
| IAS 18 — Items not added to the agenda |
A summary of items not added to the IFRS Interpretations Committee's agenda in relation to IAS 18 'Revenue' together with the Committee's public explanation of the reasons for not adding those items to its agenda. |
| IAS 18 — Transfers of assets from customers |
Completed 2009. IFRIC 18 'Transfers of Assets from Customers' was issued on 29 January 2009. |
| IAS 19 – Actuarial gains and losses, group plans and disclosures |
Completed 2004. Amendments to IAS 19 'Employee Benefits' were issued on 16 December 2004. |
| IAS 19 – Allocation of benefits to periods of service |
Discontinued 2003. IFRIC reaffirmed its decision not to address this issue at its December 2003 meeting. |
| IAS 19 – Changes in employment benefits and actuarial assumptions |
Discontinued 2002. After initial background discussions, IFRIC removed this issue from its agenda at its February 2002 meeting. |
| IAS 19 – Distinction between curtailments and past service cost |
Discontinued 2007. IFRIC removed this topic from its agenda in May 2007 and the issue was instead dealt with as part of the IASB's 2006-2008 cycle of annual improvements. |
| IAS 19 – Distinguishing between defined benefit and defined contribution plans (hybrid plans) |
Discontinued 2006. IFRIC referred this matter to the IASB for resolution. |
| IAS 19 – Effect of minimum funding requirements on asset ceiling |
Completed 2007. IFRIC 14 'IAS 19 - The Asset Ceiling: Availability of Economic Benefits and Minimum Funding Requirements' was issued on 4 July 2007. |
| IAS 19 – Employee benefit plans with a promised return on contributions or notional contributions |
Discontinued 2004. After issuing a Draft Interpretation, at its November 2006 meeting IFRIC decided not to finalise an Interpretation on this matter because the IASB had begun a project on post-employment benefits, and removed the issue from its agenda. |
| IAS 19 – Multiemployer plan exemption |
Discontinued 2004. The issues became part of of the amendments to IAS 19 'Employee Benefits' issued in December 2004. |
| IAS 19 – Termination benefits |
Completed 2011. The IASB issued an amended IAS 19 'Employee Benefits' on 16 June 2011. |
| IAS 19 – The asset ceiling |
Completed 2002. An amendment to IAS 19 'Employee Benefits' was issued on 31 May 2002. |
| IAS 19 — Items not added to the agenda |
A summary of items not added to the IFRS Interpretations Committee's agenda in relation to IAS 19 'Employee Benefits' together with the Committee's public explanation of the reasons for not adding those items to its agenda. |
| IAS 20 — Items not added to the agenda |
A summary of items not added to the IFRS Interpretations Committee's agenda in relation to IAS 20 'Accounting for Government Grants and Disclosure of Government Assistance' together with the Committee's public explanation of the reasons for not adding those items to its agenda. |
| IAS 21 — Hedging a net investment |
Completed 2008. IFRIC 16 'Hedges of a New Investment in a Foreign Operation' was issued on 3 July 2008. |
| IAS 21 — Items not added to the agenda |
A summary of items not added to the IFRS Interpretations Committee's agenda in relation to IAS 21 'The Effects of Changes in Foreign Exchange Rates' together with the Committee's public explanation of the reasons for not adding those items to its agenda. |
| IAS 23 – US GAAP convergence project |
Completed 2007. A revised IAS 23 'Borrowing Costs' was issued on 29 March 2007. |
| IAS 23 — Items not added to the agenda |
A summary of items not added to the IFRS Interpretations Committee's agenda in relation to IAS 23 'Borrowing Costs' together with the Committee's public explanation of the reasons for not adding those items to its agenda. |
| IAS 24 – State controlled entities and definition of 'related party' |
Completed 2009. The IASB issued a revised IAS 24 'Related Party Disclosures' on 4 November 2009. |
| IAS 24 — Items not added to the agenda |
A summary of items not added to the IFRS Interpretations Committee's agenda in relation to IAS 24 'Related Party Disclosures' together with the Committee's public explanation of the reasons for not adding those items to its agenda. |
| IAS 26 — Items not added to the agenda |
A summary of items not added to the IFRS Interpretations Committee's agenda in relation to IAS 26 'Accounting and Reporting by Retirement Benefit Plans' together with the Committee's public explanation of the reasons for not adding those items to its agenda. |
| IAS 27 – Control by a fiduciary |
Discontinued 2004. IFRIC removed this issue from its agenda at its May 2004 meeting as the IASB will consider the matter as part of its project on consolidation. |
| IAS 27 — Items not added to the agenda |
A summary of items not added to the IFRS Interpretations Committee's agenda in relation to IAS 27 together with the Committee's public explanation of the reasons for not adding those items to its agenda. |
| IAS 27 — Non-cash distributions |
Completed 2008. IFRIC 17 'Distributions of Non-cash Assets to Owners' was issued on 27 November 2008. |
| IAS 28 — Items not added to the agenda |
A summary of items not added to the IFRS Interpretations Committee's agenda in relation to IAS 28 together with the Committee's public explanation of the reasons for not adding those items to its agenda. |
| IAS 29 – First-time adoption of IAS 29 |
Completed 2005. IFRIC 7 'Applying the Restatement Approach under IAS 29 Financial Reporting in Hyperinflationary Economies' was issued on 24 November 2005. |
| IAS 29 — Items not added to the agenda |
A summary of items not added to the IFRS Interpretations Committee's agenda in relation to IAS 29 'Financial Reporting in Hyperinflationary Economies' together with the Committee's public explanation of the reasons for not adding those items to its agenda. |
| IAS 31 — Items not added to the agenda |
A summary of items not added to the IFRS Interpretations Committee's agenda in relation to IAS 31 'Interests in Joint Ventures' together with the Committee's public explanation of the reasons for not adding those items to its agenda. |
| IAS 32 – Classification of instruments denominated in a foreign currency |
Discontinued 2006. IFRIC removed this issue from its agenda at its November 2006 meeting after the IASB rejected its proposed amendment to IAS 32. |
| IAS 32 – Classification of rights issues |
Completed 2009. 'Classification of Rights Issues (Amendment to IAS 32)' was issued on 8 October 2009. |
| IAS 32 – Members' shares in co-operative entities |
Completed 2004. IFRIC 2 'Members' Shares in Co-operative Entities and Similar Instruments' was issued on 25 November 2004. |
| IAS 32 – Puttable financial instruments |
Completed 2008. The IASB issued 'Puttable Financial Instruments and Obligations Arising on Liquidation (Amendments to IAS 32 and IAS 1)' on 14 February 2008. |
| IAS 32 — Items not added to the agenda |
A summary of items not added to the IFRS Interpretations Committee's agenda in relation to IAS 32 'Financial Instruments: Presentation' together with the Committee's public explanation of the reasons for not adding those items to its agenda. |
| IAS 32/IAS 39 – Improvements to IASC financial instruments standards |
Completed 2003. Revised versions of IAS 32 'Financial Instruments: Disclosure and Presentation' and IAS 39 'Financial Instruments: Recognition and Measurement' were issued on 17 December 2003. |
| IAS 33 — Items not added to the agenda |
A summary of items not added to the IFRS Interpretations Committee's agenda in relation to IAS 33 'Earnings Per Share' together with the Committee's public explanation of the reasons for not adding those items to its agenda. |
| IAS 34 – Disclosures in interim reporting periods |
Completed 2010. 'Annual Improvements to IFRSs 2010' was issued on 6 May 2010, clarifying the nature of disclosures required in interim reporting periods. |
| IAS 34 — Interaction with IAS 36 and IAS 39 |
Completed 2006. IFRIC 10 'Interim Financial Reporting and Impairment' was issued on 20 July 2006. |
| IAS 34 — Items not added to the agenda |
A summary of items not added to the IFRS Interpretations Committee's agenda in relation to IAS 34 'Interim Financial Reporting' together with the Committee's public explanation of the reasons for not adding those items to its agenda. |
| IAS 36 — Items not added to the agenda |
A summary of items not added to the IFRS Interpretations Committee's agenda in relation to IAS 36 'Impairment of Assets' together with the Committee's public explanation of the reasons for not adding those items to its agenda. |
| IAS 37 – Changes in decommissioning, restoration, and similar liabilities |
Completed 2004. IFRIC 1 'Changes in Existing Decommissioning, Restoration and Similar Liabilities' was issued on 27 May 2004. |
| IAS 37 – Interests in decommissioning and environmental rehabilitation funds |
Completed 2004. IFRIC 5 'Rights to Interests Arising from Decommissioning, Restoration and Environmental Funds' was issued on 15 December 2004. |
| IAS 37 – Obligating event in the light of the EU Directive on waste electrical and electronic equipment |
Completed 2005. IFRIC 6 'Liabilities Arising from Participating in a Specific Market – Waste Electrical and Electronic Equipment' was issued on 1 September 2005. |
| IAS 37 — Items not added to the agenda |
A summary of items not added to the IFRS Interpretations Committee's agenda in relation to IAS 37 'Provisions, Contingent Liabilities and Contingent Assets' together with the Committee's public explanation of the reasons for not adding those items to its agenda. |
| IAS 38 — Compliance costs for 'REACH' |
This IFRIC project has been discontinued. The project was to consider how to account for costs incurred to comply with the requirements of the European Commission Regulation concerning the Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH). After many months of deliberations, IFRIC decided not to take this issue onto its agenda at its May 2009 meeting. |
| IAS 38 — Items not added to the agenda |
A summary of items not added to the IFRS Interpretations Committee's agenda in relation to IAS 38 'Intangible Assets' together with the Committee's public explanation of the reasons for not adding those items to its agenda. |
| IAS 39 – Cash flow hedge accounting of forecast intragroup transactions |
Completed 2005. The IASB issued 'Cash Flow Hedge Accounting of Forecast Intragroup Transactions (Amendments to IAS 39)' on 14 April 2005. |
| IAS 39 – Exposures qualifying for hedge accounting |
Completed 2008. The IASB issued 'Eligible Hedged Items (Amendment to IAS 39)' on 30 July 2008. |
| IAS 39 – Fair value option |
Completed 2005. The IASB issued 'The Fair Value Option (Amendments to IAS 39)' on 15 June 2005. |
| IAS 39 – Macro hedging |
Completed 2004. 'Fair Value Hedge Accounting for a Portfolio Hedge of Interest Rate Risk (Amendments to IAS 39)' was issued on 31 March 2004. |
| IAS 39 – Reassessment of embedded derivatives |
Completed 2006. IFRIC 9 'Reassessment of Embedded Derivatives' was issued on 1 March 2006. |
| IAS 39 – Transition and day 1 profit recognition |
Completed 2004. The IASB issued 'Transition and Initial Recognition of Financial Assets and Financial Liabilities' on 17 December 2004. |
| IAS 39 — Items not added to the agenda |
A summary of items not added to the IFRS Interpretations Committee's agenda in relation to IAS 39 'Financial Instruments: Recognition and Measurement' together with the Committee's public explanation of the reasons for not adding those items to its agenda. |
| IAS 39/IAS 32 — Debt to equity swaps |
Completed 2009. IFRIC 19 'Extinguishing Financial Liabilities with Equity Instruments' was issued on 26 November 2009. |
| IAS 39/IAS 37 – Credit risk in liability measurement |
Discontinued 2009. In October 2009, the IASB decided to stop work on this project as a separate project and, instead, to consider the issues in the Conceptual Framework – Measurement project. |
| IAS 39/IFRS 4 – Financial guarantee contracts and credit insurance |
Completed 2005. The IASB issued 'Financial Guarantee Contracts (Amendments to IAS 39 and IFRS 4)' on 18 August 2005. |
| IAS 39/IFRS 7 – Reclassification of financial assets |
Completed 2008 and amended in 2009. The IASB issued 'Reclassification of Financial Assets (Amendments to IAS 39 and IFRS 7)' on 13 October 2008 and 'Embedded Derivatives (Amendments to IFRIC 9 and IAS 39)' on 12 March 2009. |
| IAS 40 — Items not added to the agenda |
A summary of items not added to the IFRS Interpretations Committee's agenda in relation to IAS 40 'Investment Property' together with the Committee's public explanation of the reasons for not adding those items to its agenda. |
| IAS 41 — Items not added to the agenda |
A summary of items not added to the IFRS Interpretations Committee's agenda in relation to IAS 41 'Agriculture' together with the Committee's public explanation of the reasons for not adding those items to its agenda. |
| IFRIC 9 – Scope of IFRIC 9 and revised IFRS 3 |
Completed 2009. After initially being exposed in a separate exposure draft, an amendment to IFRIC 9 was included in 'Improvements to IFRSs', issued on 16 April 2009. |
| IFRIC 14 – Voluntary prepaid contributions under a minimum funding requirement |
Completed 2009. The IASB issued 'Prepayments of a Minimum Funding Requirement (Amendments to IFRIC 14)' on 26 November 2009. |
| IFRIC 15 — Meaning of 'continuous transfer' |
An IFRIC Interpretations Committee project to consider whether decisions reached in the IASB's revenue recognition project could provide insight into clarification of the meaning of "continuous transfer" under IFRIC 15 'Agreements for the Construction of Real Estate'. |
| IFRIC 16 – Amendment to the restriction on the entity that can hold hedging instruments |
Completed 2009. An amendment to IFRIC 16 was included in 'Improvements to IFRSs', issued on 16 April 2009. |
| IFRS 1 – Additional exemptions for first-time adopters |
Completed 2009. The IASB issued 'Additional Exemptions for First-time Adopters (Amendments to IFRS 1)' on 23 July 2009. |
| IFRS 1 – Exemption from comparative IFRS 7 disclosures |
Completed 2010. The IASB issued 'Limited Exemption from Comparative IFRS 7 Disclosures for First-time Adopters (Amendment to IFRS 1)' on 28 January 2010. |
| IFRS 1 – Government loans |
Completed in 2012. The IASB issued 'Government Loans (Amendments to IFRS 1)' on 13 March 2012. |
| IFRS 1 – Replacement of 'fixed dates' |
Completed 2010. The IASB issued 'Severe Hyperinflation and Removal of Fixed Dates for First-time Adopters' on 20 December 2010. |
| IFRS 1 – Severe hyperinflation |
Completed 2010. The IASB issued 'Severe Hyperinflation and Removal of Fixed Dates for First-time Adopters' on 20 December 2010. |
| IFRS 1 — Items not added to the agenda |
A summary of items not added to the IFRS Interpretations Committee's agenda in relation to IFRS 1 'First-time Adoption of International Financial Reporting Standards' together with the Committee's public explanation of the reasons for not adding those items to its agenda. |
| IFRS 1/IAS 27 – Cost of a subsidiary in separate financial statements |
Completed 2008. The IASB issued 'Cost of an Investment in a Subsidiary, Jointly Controlled Entity or Associate (Amendments to IFRS 1 and IAS 27)' on 22 May 2008. |
| IFRS 2 – Changes in contributions to employee stock purchase plans (ESPPs) |
Discontinued 2005. IFRIC removed this topic from its agenda at its December 2005 meeting. |
| IFRS 2 – Group cash-settled share-based payment arrangements |
Completed 2009. The IASB issued 'Group Cash-settled Share-based Payment Transactions (Amendments to IFRS 2)', and withdrew IFRIC 8 and IFRIC 11, on 18 June 2009. |
| IFRS 2 – Scope of IFRS 2 |
Completed 2006. IFRIC 8 'Scope of IFRS 2' was issued on 12 January 2006 |
| IFRS 2 – Vesting conditions and cancellations |
Completed 2008. The IASB issued 'Vesting Conditions and Cancellations (Amendments to IFRS 2)' on 17 January 2008. |
| IFRS 2 — Items not added to the agenda |
A summary of items not added to the IFRS Interpretations Committee's agenda in relation to IFRS 2 'Share-based Payments' and the Committee's public explanation of the reasons for not adding the item to its agenda. |
| IFRS 2 — Treasury share transactions and group transactions |
Completed 2006. IFRIC 11 'IFRS 2 – Group and Treasury Share Transactions' was issued on 2 November 2006. |
| IFRS 3 — Items not added to the agenda |
A summary of IFRS Interpretations Committee issues related to IFRS 3 'Business Combinations' which were not taken onto the agenda. |
| IFRS 4 — Items not added to the agenda |
A summary of items not added to the IFRS Interpretations Committee's agenda in relation to IFRS 4 'Insurance Contracts' and the Committee's public explanation of the reasons for not adding the item to its agenda. |
| IFRS 5 — Items not added to the agenda |
A summary of items not added to the IFRS Interpretations Committee's agenda in relation to IFRS 5 'Non-current Assets Held for Sale and Discontinued Operations' and the Committee's public explanation of the reasons for not adding the item to its agenda. |
| IFRS 6 — Items not added to the agenda |
A summary of items not added to the IFRS Interpretations Committee's agenda in relation to IFRS 6 'Exploration for and Evaluation of Mineral Resources' and the Committee's public explanation of the reasons for not adding the item to its agenda. |
| IFRS 7 – Disclosures about investments in debt instruments |
Abandoned 2009. On the basis of constituent feedback on Exposure Draft 'Investments in Debt Instruments (Proposed Amendments to IFRS 7)', the IASB decided, at its January 2009 meeting, to abandon the proposals for the time being and to add the issues the ED aimed to address to the project on a comprehensive review of financial instruments. |
| IFRS 7 – Improved disclosures about financial instruments |
Completed 2009. The IASB issued 'Improving Disclosures about Financial Instruments (Amendments to IFRS 7)' on 5 March 2009. |
| IFRS 7 — Items not added to the agenda |
A summary of items not added to the IFRS Interpretations Committee's agenda in relation to IFRS 7 'Financial Instruments: Disclosures' and the Committee's public explanation of the reasons for not adding the item to its agenda. |
| IFRS 8 — Items not added to the agenda |
A summary of items not added to the IFRS Interpretations Committee's agenda in relation to IFRS 8 'Operating Segments' and the Committee's public explanation of the reasons for not adding the item to its agenda. |
| IFRS 9 — Items not added to the agenda |
A summary of items not added to the IFRS Interpretations Committee's agenda in relation to IFRS 9 'Financial Instruments' and the Committee's public explanation of the reasons for not adding the item to its agenda. |
| IFRS 10 – Transitional requirements |
Completed 2012. The IASB issued 'Consolidated Financial Statements, Joint Arrangements and Disclosure of Interests in Other Entities: Transition Guidance' on 28 June 2012. |
| IFRS 10 — Items not added to the agenda |
A summary of items not added to the IFRS Interpretations Committee's agenda in relation to IFRS 10 'Consolidated Financial Statements' and the Committee's public explanation of the reasons for not adding the item to its agenda. |
| IFRS 11 — Items not added to the agenda |
A summary of items not added to the IFRS Interpretations Committee's agenda in relation to IFRS 11 'Joint Arrangements' and the Committee's public explanation of the reasons for not adding the item to its agenda. |
| IFRS 12 — Items not added to the agenda |
A summary of items not added to the IFRS Interpretations Committee's agenda in relation to IFRS 12 'Disclosure of Interests in Other Entities' and the Committee's public explanation of the reasons for not adding the item to its agenda. |
| IFRS 13 — Items not added to the agenda |
A summary of items not added to the IFRS Interpretations Committee's agenda in relation to IFRS 13 'Fair Value Measurements' and the Committee's public explanation of the reasons for not adding the item to its agenda. |
| IFRS for small and medium-sized entities |
Completed 2009. The IASB issued 'IFRS for Small and Medium-sized Entities' on 9 July 2009. |
| Improvements to existing International Accounting Standards (2001-2003) |
Completed 2003. The IASB published 13 revised International Accounting Standards (IASs), and withdrew another, on 18 December 2003. |
| Insurance contracts – Phase I |
Completed 2004. IFRS 4 'Insurance Contracts' was issued on 31 March 2004. |
| Joint arrangements |
Completed 2011. IFRS 11 'Joint Arrangements' issued on 12 May 2011, requiring the use of equity accounting for joint ventures and removing the focus on legal form when assessing arrangements. |
| Management commentary |
Completed 2010. The IASB issued IFRS Practice Statement 'Management Commentary' on 8 December 2010. |
| Post-employment benefits – Amendments to IAS 19 |
Completed 2011. A revised IAS 19 'Employee Benefits' was issued on 16 June 2011, eliminating options on accounting for actuarial gains and losses on pensions and similar items, and related improvements. |
| Post-employment benefits – Discount rate |
Discontinued 2009. The IASB had originally proposed to eliminate the requirement to use yields on government bonds in measuring post-employment benefits, instead requiring the estimation of the yield on high quality corporate bonds. The IASB did not finalise the amendment on the basis of constituent feedback. |
| Preface to International Financial Reporting Standards |
Completed 2001. 'Preface to International Financial Reporting Standards' was issued on on 23 May 2002. |
| Segment reporting – Convergence issues |
Completed 2006. The IASB issued IFRS 8 'Operating Segments' on 30 November 2006. |
| Service concession arrangements |
Completed 2006. IFRIC 12 'Service Concession Arrangements' was issued on 30 November 2006. |
| Share-based payments |
Completed 2004. IFRS 2 'Share-based Payment' was issued on April 2004. |
| SIC-12 – Scope exemption for equity compensation benefits |
Completed 2004. An amendment to Interpretation SIC-12 'Consolidation – Special Purpose Entities' was issued on 11 November 2004. |
